Falling Dollar Correlations

FDPSX Fund

USD 12.63 0.01 0.08%

The current 90-days correlation between Falling Dollar Profund and Transamerica Large Cap is 0.2 (i.e., Modest diversification). The correlation of Falling Dollar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Falling Dollar Correlation With Market

Average diversification

The correlation between Falling Dollar Profund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Falling Dollar Profund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Falling Dollar Profund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Falling Mutual Fund

0.66	UKPSX	Ultrashort Japan Profund	Pair Corr
0.66	UKPIX	Ultrashort Japan Profund	Pair Corr
0.81	WCPIX	Mobile Telecommunicatio	Pair Corr
0.81	WCPSX	Mobile Telecommunicatio	Pair Corr

Moving against Falling Mutual Fund

0.64	UJPIX	Ultrajapan Profund	Pair Corr
0.59	UJPSX	Ultrajapan Profund	Pair Corr
0.5	UIPSX	Ultrashort Mid Cap	Pair Corr
0.46	SRPIX	Short Real Estate	Pair Corr
0.43	UIPIX	Ultrashort Mid Cap	Pair Corr
0.41	SRPSX	Short Real Estate	Pair Corr
0.38	OEPSX	Oil Equipment Services	Pair Corr
0.38	OEPIX	Oil Equipment Services	Pair Corr

Related Correlations Analysis

	TALCX	NEAMX	AALIX	MTCGX	TRLUX	MKFOX	RETSX
TALCX		0.83	0.84	0.6	0.73	0.52	0.65	TALCX
NEAMX	0.83		0.96	0.65	0.77	0.64	0.91	NEAMX
AALIX	0.84	0.96		0.66	0.64	0.52	0.91	AALIX
MTCGX	0.6	0.65	0.66		0.61	0.64	0.77	MTCGX
TRLUX	0.73	0.77	0.64	0.61		0.84	0.64	TRLUX
MKFOX	0.52	0.64	0.52	0.64	0.84		0.58	MKFOX
RETSX	0.65	0.91	0.91	0.77	0.64	0.58		RETSX
	TALCX	NEAMX	AALIX	MTCGX	TRLUX	MKFOX	RETSX

Risk-Adjusted Indicators

There is a big difference between Falling Mutual Fund performing well and Falling Dollar Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Falling Dollar's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TALCX	0.60	0.00	(0.01)	0.07	0.93	(0.58)	1.24	(1.31)	5.56
NEAMX	0.52	0.05	(0.01)	0.38	0.69	(0.51)	1.06	(1.22)	3.21
AALIX	0.46	0.02	(0.05)	0.19	0.59	(0.50)	1.06	(1.07)	2.52
MTCGX	0.76	(0.03)	(0.02)	0.04	1.22	(0.67)	1.72	(1.86)	4.26
TRLUX	0.53	0.01	0.00	0.08	0.57	(0.58)	0.96	(1.04)	3.00
MKFOX	1.01	0.10	0.07	0.18	1.17	(1.09)	2.12	(2.27)	13.17
RETSX	0.58	0.02	(0.04)	0.16	0.91	(0.51)	1.14	(1.45)	3.26

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